These policies, often imposed by the IMF and the WB
on debtor countries, and together called Structural Adjustment Programmes (SAP) and include
Despite the rhetoric of democracy there is a lack of transparency m discussions of officials with the IMF / WB authorities and their decisions regarding conditionalities often imposed
on the debtor countries without clear exposure even to Parliament and its select committees, much less to the general public affected by them.
The structural adjustment imposed by the IMF and the World Bank
on debtor countries as a condition of aiding them to renegotiate their debts has transformed the relative power of governments and economic actors.
Not exact matches
This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF
on third world
debtor countries.
They can thereby impose economic, social and political policies
on poor (often
debtor)
countries for the advantage of capital.
This summer, nearly $ 200 million of his personal assets were frozen by a court in his home
country, and just last week Jia was placed
on a nationwide «
debtor blacklist» in China after defaulting
on a $ 72 million debt that he owes to a Chinese securities group.
Earlier this month Jia was placed
on a Chinese
debtor blacklist, and this week Chinese regulators ordered him to return to the
country.